Bangkok Residential Sales MarketView Q3 09 For the second consecutive quarter the majority of sales have come from Thai nationals, who are not just looking to be end users but also to be buy to rent investors. Thai purchasers believe that prices have reached the bottom and are going to rise and see property as [...]
Bangkok Residential Leasing MarketView Q3 09 Five apartment buildings were completed, with a total of 62 units. The total supply of apartments units was 11,151 increasing by 0.56% Q-o-Q and 4.5% Y-O-Y. The total number of condominium units in downtown Bangkok grew by 1.7% Q-o-Q and 14.1% Y-O-Y to a total of 61,522 units. Grade [...]
Bangkok Overall MarketView Q3 09 The third quarter of 2009 saw improvements in many sectors of the property industry when compared to the first half of 2009. Every sector continues to encounter challenges. The hotel and industrial sectors continue to feel the full force of the global economic situation. The luxury condominium market saw a [...]
There were two notable building transactions in the third quarter of 2009. Bangkok Broadcasting & Television Co. Ltd acquired 28 units at the Star Estate @ Rama III condominium project from Eastern Star Real Estate Public Co. Ltd for THB 124,594,047. In addition Bliss-Tel Public Co. Ltd paid THB 154,500,000 to AngKet Holding Co. Ltd [...]
Thailand Industrial MarketView Q3 09 Overall demand in the industrial property market remained weak, only 236 rai were sold, down 7.5% Q-o-Q and 82.2% Y-o-Y. A Chinese agricultural company bought 100 rai in Rojana Industrial Park, Ayutthaya. Automotive production has improved in Q3 2009 with manufacturing firms increasing production and recruiting new staff in August [...]
Bangkok Luxury Hotel MarketView Q3 09 The hotel sector is still faced with reduced levels of tourism. Latest figures show that tourist numbers dropped 4.1% Y-o-Y. This is however a marketed improvement on figures from the first half of the year with Q1 showing a Y-o-Y decline of 17.9% and Q2 down 18.5%. Easing political [...]
Bangkok Retail MarketView Q3 09 Although there is still downward pressure on rents, retail rents slightly increased in line with the economic recovery. The Consumer Confidence Index (CCI) and retail sales both saw an increase in Q3. Overall, there are signs of improvement in the retail sector, however continued improvement will depend on the speed [...]
Overall take-up in the Bangkok office market was 6,773,065 sqm, up 0.1% Q-o-Q and 0.8% Y-o-Y. The total occupancy rate also improved slightly from 86.0% to 86.1% in this quarter. The vacancy rate was 13.9%, indicating a fall from the 14.0% recorded in Q2 2009. Bangkok office market rents have moved downwards. As of [...]
Markets remain busy as year end approaches • The Chinese real estate investment market remained lively in November with institutional funds and SOEs actively pursuing deals for prime assets. Insurance companies continued to lay the groundwork for future deals following the expansion of their investment channels to include bonds, stocks, funds and real estate. Authorities [...]
Bangkok – 2 December 2009 – London’s West End is again the world’s most expensive office market, according to CB Richard Ellis (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey. Tokyo’s Inner Central has slipped to second place, followed by that city’s Outer Central market. Hong Kong’s Central Business District (CBD) and Moscow [...]
In the third quarter, Asian economies exited the cycle of violent contractions which characterised the most severe phase of the recession. The Asian property leasing market gave signs of approaching the bottom. Upticks in rentals were recorded across several market sectors. Low interest rates stimulated real estate investment in the region as capital values in [...]
Transaction Volume Remains Solid But Hong Kong Cools China witnessed steady investment activity in October as banks continued to snap up quality en-bloc office properties while second-tier cities including Wuhan, Chengdu and Chongqing also saw plenty of activity. Prices recovered to the extent that foreign institutions were looking to dispose of assets in the hope [...]
London, 19 November 2009 – Germany has emerged as the number one target destination for retailers looking to expand their international presence in the Europe, Middle East and Africa (EMEA) region in 2010, according to new research from CB Richard Ellis. The report – How Active are Retailers in EMEA? – reveals that 47% of [...]
Briefing Points The 3Q 2009 CBRE Global MarketView reports on the economic recovery and its implications for commercial real estate. Summary Clearly, a synchronized downturn is not being followed by a synchronized recovery. Regions and countries are experiencing widely divergent trends. The recovery is being led by Asia, with Latin America in second place. Europe [...]
Summary The major talking point in this quarter is the decline in the number of international tourists. Numbers fell 18.6% Q-o-Q and 14.4% Y-o-Y to around 3 million from 3.5 million in Q2 2008. Political instability and the global economic recession continued to be the main factor with the addition of Influenza A (H1N1). This [...]
